FINANCE ACT (No. 1), 1994.

ARRANGEMENT OF SECTIONS.

   Section

   1.   Commissioner to detain goods.

   2.   Power to require giving of security.

   3.   General provisions relating to giving of security.

   4.   Provisions relating to sureties.

   5.   Enforcement of bond.

   6.   Abolition of exemptions.

CHAPTER 182
FINANCE ACT (No. 1), 1994.

Commencement: 1 July, 1993.

   An Act to provide for the alteration of certain taxes and duties and for other purposes connected with the above.

1.   Commissioner to detain goods.

   (1) The Commissioner General may, where he or she deems appropriate for the protection of Government revenue, detain any goods chargeable with duty or tax upon its value and shall notify the owner of the goods in writing of the detention of the goods.

   (2) The Commissioner General may, within 14 days after the detention of the goods under subsection (1)—

   (a)   permit the goods to be delivered to the owner after ascertaining that the value declared correctly allows the goods to be entered;

   (b)   permit the owner on his or her application to enter the goods according to value and terms that the Commissioner General may determine.

   (3) Where subsection (2) is not applied in relation to detained goods or where the owner of the goods fails to comply with the terms directed by the Commissioner General within 10 days of the direction, the Commissioner General may purchase and the owner shall sell the goods to the Commissioner Genera